N26 hits full-year profitability under new leadership team

N26, the German digital bank, has achieved its first full year of net profitability with revenue exceeding €500 million, marking a significant turnaround under new leadership. The shake-up saw the demotion of co-founders and the hiring of UBS executive Mike Dargan as CEO, signaling a strategic shift towards operational efficiency and profitability. This financial success highlights the impact of fresh leadership and strategic decisions on the bank's performance, setting a positive precedent for the digital banking sector.